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Productivity Growth in Germany: No Sustainable Economic Recovery in Sight

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Author Info

  • Georg Erber
  • Ulrich Fritsche

Abstract

By international comparison the productivity development of the overall economy in Germany has taken a serious hit after the reunification boom. Since then Germany has fallen behind not only in comparison to the USA and emerging-market nations like South Korea, but also in comparison to other EU countries. However, the economic upswing in 2006 led to a temporary increase in hourly productivity of labor per employed person. Can this increase be interpreted as a return to a higher trend growth? Econometric tests indicate that it probably primarily concerns a cyclically induced increase. Thus the decline of the medium-term growth rate came at best to a standstill. If the productivity growth should improve on a sustained basis, then a growth-orientated economic policy is required.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.96059.de/diw_wr_2009-3.pdf
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Bibliographic Info

Article provided by DIW Berlin, German Institute for Economic Research in its journal Weekly Report.

Volume (Year): 5 (2009)
Issue (Month): 3 ()
Pages: 19-25

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Handle: RePEc:diw:diwwrp:wr5-3

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Related research

Keywords: Productivity growth; Time series; decomposition; Business cycle; Long-term trend;

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Cited by:
  1. Fehr, Hans & Jokisch, Sabine & Kallweit, Manuel & Kindermann, Fabian & Kotlikoff, Laurence J., 2013. "Generational Policy and Aging in Closed and Open Dynamic General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, Elsevier.
  2. Hans Fehr & Manuel Kallweit & Fabian Kindermann, 2011. "Should Pensions be Progressive? Yes, at least in Germany!," CESifo Working Paper Series 3636, CESifo Group Munich.

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